Tex. Health & Safety Code § 301.042 · Subchapter B. MISCELLANEOUS COOPERATIVE ASSOCIATIONS
TAX EXEMPTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A cooperative association created under this subchapter is not required to pay a tax or assessment on its property or on any purchase made by the association.
(b) Except as provided by Subsection (c), an association is not required to pay an annual franchise tax.
(c) An association is exempt from the franchise tax imposed by Chapter 171, Tax Code, only if the association is exempted by that chapter.
Notes and commentary — not statutory text
History
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/HS/htm/HS.301.htm
- Text hash
- sha256 f1bc3d2d8cb33484bf750af98c95e2c8b05a405f1c9aee24307e7ef3e4f708df
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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